← Fluence Energy, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $36.8m | $357.3m | $345.9m | $448.7m | $690.8m | |
| Trade receivables, net | $57.4m | $86.8m | $103.4m | $216.5m | $272.8m | |
| Unbilled receivables | $102.0m | $138.5m | $192.1m | $172.1m | $239.6m | |
| Receivables from related parties | $33.4m | $112.0m | $58.5m | $362.5m | $200.7m | |
| Inventory, net | $389.8m | $652.7m | $224.9m | $182.6m | $455.0m | |
| Other current assets | $31.2m | $26.6m | $31.1m | $46.5m | $54.7m | |
| Total current assets | $661.5m | $1.6b | $1.2b | $1.7b | $2.1b | |
| Property and equipment, net | $8.2m | $13.8m | $12.8m | $15.3m | $50.3m | |
| Intangible assets, net | $36.1m | $51.7m | $55.8m | $60.0m | $63.4m | |
| Goodwill | $9.2m | $24.9m | $26.0m | $27.5m | $28.6m | |
| Restricted cash | $1.2m | $62.4m | $106.8m | $46.1m | $23.9m | |
| Advances to suppliers | $0 | $8.8m | $107.9m | $174.5m | $126.8m | |
| Current portion of notes receivable - pledged as collateral | — | $0 | $24.3m | $30.9m | $0 | |
| Deferred income tax asset, net | $1.2m | $3.0m | $86k | $8.9m | $4.0m | |
| Other non-current assets | $1.3m | $36.8m | $31.6m | $110.0m | $146.4m | |
| Deferred revenue | $71.4m | $273.1m | $383.4m | $312.7m | $720.4m | |
| Current portion of borrowings against note receivable - pledged as collateral | — | $0 | $22.5m | $30.4m | $0 | |
| Personnel related liabilities | $12.9m | $21.3m | $52.2m | $58.6m | $31.9m | |
| Accruals and provisions | $186.1m | $183.8m | $172.2m | $338.3m | $246.2m | |
| Taxes payable | $12.9m | $11.1m | $29.5m | $57.9m | $30.3m | |
| Other current liabilities | $1.9m | $7.2m | $16.7m | $24.2m | $20.6m | |
| Convertible senior notes, net | — | — | — | $0 | $390.8m | |
| Other non-current liabilities | $2.4m | $1.1m | $17.3m | $29.1m | $37.4m | |
| Non-controlling interest | — | $193.4m | $154.0m | $135.0m | $119.3m | |
| Total non-current assets | $56.2m | $144.1m | $157.2m | $221.7m | $292.7m | |
| Total non-current liabilities | $2.4m | $7.0m | $50.2m | $36.2m | $437.8m | |
| Total stockholders’ equity attributable to Fluence Energy, Inc. | $0 | $435.8m | $402.3m | $472.1m | $429.6m | |
| Total stockholders’ equity | ($59k) | $629.2m | $556.3m | $607.1m | $548.8m | |
| Total assets | $717.7m | $1.7b | $1.4b | $1.9b | $2.4b | |
| Accounts payable | $158.4m | $304.9m | $62.9m | $436.7m | $321.0m | |
| Total current liabilities | $771.5m | $1.1b | $745.7m | $1.3b | $1.4b | |
| Deferred income tax liability | $0 | $4.9m | $4.8m | $7.1m | $9.5m | |
| Total liabilities | $773.9m | $1.1b | $795.8m | $1.3b | $1.8b | |
| Preferred stock, $0.00001 per share, 10,000,000 share authorized; no shares issued and outstanding as of September 30, 2025 and 2024 | 0 | 0 | 0 | 0 | 0 | |
| Common stock | — | $1k | $1k | $1k | $1k | |
| Treasury stock, at cost | $0 | ($5.0m) | ($7.8m) | ($9.5m) | ($10.2m) | |
| Additional paid-in capital | $0 | $542.6m | $581.1m | $634.9m | $628.0m | |
| Accumulated other comprehensive income (loss) | ($285k) | $2.8m | $3.2m | ($1.8m) | $11.6m | |
| Accumulated deficit | ($279.3m) | ($104.5m) | ($174.2m) | ($151.4m) | ($199.8m) | |
| Common stock, shares authorized (in shares) | — | — | $1.4b | $1.3b | $1.5b | |
| Common stock, shares issued (in shares) | — | — | — | $181.7m | $183.5m | |
| Common stock, shares outstanding (in shares) | — | — | — | 180.9m | 182.7m | |
| Total liabilities, stockholders’ equity | $717.7m | $1.7b | $1.4b | $1.9b | $2.4b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.